Date: Friday, October 10, 2008

Re:	BAF – Argentina to U.S. East Coast

Please be advised that the BAF from Buenos Aires to the U.S. East Coast will be reduced as follows effective November 1, 2008:

Current Rate:
$ 760 per 20' container
$1,520 per 40' container

New Rate:
$   670 per 20' container
$1,340 per 40' container